KUALA LUMPUR -- Malaysia is planning to increase taxes and cut subsidies next year, Prime Minister Anwar Ibrahim announced on Friday as the country aims to achieve close to 5.0% economic growth.
Economy
Malaysia to raise taxes and trim subsidies, with eye on 5% growth
Government sets record $83.4 billion budget for 2024
Malaysia Prime Minister and Finance Minister Anwar Ibrahim holds up the 2024 budget document as he departs for parliament on Oct. 13. (Courtesy of Malaysia's Department of Information via Reuters)
Read Next
Latest on Economy
